In 2023, the import of motor vehicle mountings and fittings of base metal to Japan stood at 16.5 million kilograms. The forecast data shows a steady increase in volume from 2024 to 2028. Year-on-year growth is expected to vary between 2.41% and 2.18%, indicating a consistent upward trend. The compound annual growth rate (CAGR) over this five-year period is projected at approximately 2.32%, signifying moderate but sustainable growth in import volumes.
Looking forward, trends to watch include potential shifts in automotive manufacturing demand, influenced by both domestic production changes and international trade relations. Likewise, changes in vehicle design requiring different types of mountings and fittings could impact future import volumes.
